Citizens Bank International Ltd. has decided to discuss special proposal of increment on paid up capital to Rs. 2 billion on its 3rd Annual General Meeting. The bank's AGM is scheduled on Septmeber 15, 2009 (2066 Bhadra 30), Tuesday at 11 am on Rastriya Sabha Griha, Kathmandu. Currently, banks has Rs. 1 billion paid up capital and propose to issue 1:1 right share to enlarge its paid up capital to Rs. 2 billion. Earlier, the 56th BOD meeting of the bank had decided to provide 10% cash dividend from the profit of fiscal year 2065/66.For the propose of having its AGM, the bank is closing its book from 10-30 Bhadra 2066 (26th August to 15th September, 2009) and only those shareholders will got an opportunity to take part in AGM who purchased the share before 2066 Bhadra 9 and appeared on share registrar before Bhadra 17 2066.
Citizen has earned Rs. 95.810 net profit (unaudited) for the fourth quarter of fiscal year 2065/66 and holds Rs. 34.073 millions as reserve and surplus. Likewise, it has borrowing of Rs. 250 millions and deposits Rs. 11.524 billion. Operating income stands at Rs. 316.379 millions. Yesterday, the scrip price of Citizen was closed at Rs. 695 on Nepal Stock Exchange.
According to its fourth quarter company analysis of fiscal year 2065/66, it has Rs. 9.58 earning per share, P/E ratio of 68.89, net worth per share of Rs 103.41 and liquidity ratio of 14.36 percent.
Source: Jamb News Service
whatever it may be the management is very much aggressive and chust
ReplyDeletewhy the new banks are issuing right share ?? just to raise the share price??
ReplyDeleteHOW CAN APPLY WITH IT
ReplyDelete'S BONUS SHARE
It is about 6 month passed. When you planning to issue Right Share? please advise.
ReplyDeleteAGM was held on 2066 Bhadra 30 & it was decided to issue a right share but why not issuing the share as it is about to pass the one year?
ReplyDelete